Arbor Wealth Advisors LLC Boosts Holdings in RTX Co. (NYSE:RTX)

Arbor Wealth Advisors LLC raised its holdings in RTX Co. (NYSE:RTX) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,382 shares of the company’s stock after purchasing an additional 85 shares during the period. Arbor Wealth Advisors LLC’s holdings in RTX were worth $276,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in RTX. LRI Investments LLC boosted its holdings in shares of RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after purchasing an additional 4,732 shares during the last quarter. Napa Wealth Management purchased a new position in shares of RTX in the 3rd quarter worth about $1,307,000. Czech National Bank increased its position in RTX by 6.5% during the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after purchasing an additional 17,608 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after buying an additional 11,354 shares during the period. Finally, Kennebec Savings Bank acquired a new stake in shares of RTX in the third quarter worth $953,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

RTX opened at $117.85 on Tuesday. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The firm has a market capitalization of $156.86 billion, a P/E ratio of 33.67, a PEG ratio of 2.08 and a beta of 0.81. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $118.18 and a 200-day moving average of $117.14.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on RTX. Citigroup raised their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group upped their target price on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.